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RMI - Resource Mining Corporation

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I think this was all done by one large player who had been holding for some time and wanted to sell at a higher price. So he bought out everything from 10-12c and created an illusion of 13m buyers in the depth so other buyers will line up and sellers are less likely to sell.

Then just before he dumped his stock, he pulled out his large buy orders.
 
Just a board fat cat stuffing with your head imo silly but can be fun not my doing but can drop some goodies in your lap if the land slide follows i have been guilty of doing same but rareley works imo .............Besides all that stuff we are having a stellar day on RMI and FWL rmi is showing some beautiful leg with a taste of whats to come i belive true pre ann unadulterated spec of the most greed riden kind and the market eats this stuff up like dirt to a vacum cleaner LOL any way enjoy today because this is fun because i am swimming in a sea of both RMI and FWLO
 
I got out at the price I paid 10.5 this game was manipulated badly.

Terrible use of power by some traders.
 
In my own opinion i see it below 10cents again :-(

Its crazy.

I dont wish to take a loss even though however there is depth in 10cents.
I just dont wish to feel that pain.

Makes me angry. When a stock goes way up and then back to the levels it started. Its not a good investment.
 
Nevawake said:
I got out at the price I paid 10.5 this game was manipulated badly.

Terrible use of power by some traders.
Click to expand...
Nev, there are investors, and traders, and you need to decide where you are and what works for you. There is no drama with people being short term traders, but ASF limits the possibility of 'pump and dump' with judicious moderating. (well, attempted anyway). It's never perfect but you're probably going to get a more well rounded opinion here, than elsewhere. Good luck.
 
Mate sound like your trying to day trade or short term at least.

If you bought at 10.5 and it went to 12.5 why didn't you sell at 20% profit?
Could have set a backstop anyways so you would have made some cash

My opinion is this baby will spike hard after ann then consolidate a bit so im holding for a few weeks
 
Nevawake said:
Makes me angry. When a stock goes way up and then back to the levels it started. Its not a good investment.
Click to expand...

"Its not a good investment"

Based on what analysis exactly?

I did fundamental research on RMI at 6c and bought up, however it ran the day I was buying so I had to pay up to 7.5c, today at 12.5c its almost 100% gain in less than 2 weeks,

You have to understand that alot of people will be taking profits at these levels,

Based on my fundamental analysis I still see alot more further upside,

Do yourself a favour and don't let short term swings influence you too much unless your a trader, but you said "Its not a good investment" so in terms of an investment, let the swings come and go and eventually the fundamentals will shine through!
 

It is a good stock. Thanks to YT fundamental analysis and Kennas chart.
But only if you choose a good entry point, you cannot make money in a short term.
I think too many day traders are disturbing.
Be patient, hold as a long term, you will make profit
 
RMI pre-open heating up, looks as though this one will open at .11 and take a fair whack out of the 2mil sitting at that price...nice support forming at .10, as there was yesterday...are we above .10 for good now??
 
what's going on RMI.
Just ten minutes ago there are hips of buys at 0.10c. They just disappeared in a second?
any clue?
 
Dont worry about it fellows i should have bailed at 12cents your right. I forgot to take my antidepressants for 4 days and i should not have traded without them!!!!!! Never let a depressed person invest your money!!!!

I didnt make a decision when it was nessesary. Must remember not to forget to treat depression. Sorry all fior the rambling. I feel more alert today.
 
alanding said:
what's going on RMI.
Just ten minutes ago there are hips of buys at 0.10c. They just disappeared in a second?
any clue?
Click to expand...
Alan

I dont know much, but I would guess that despite the fundamentals the recent daily/short term highs were reached due to day trading, when that happens as soon as the day trading heat or energy is over they sell out and down it comes to a more realistic value, then its time for the more longer term people to come in, so if the fundamentals are good it ought to appreciate, or obviously depreciate if its the other case
 
May I just add another perspective to keep in mind. 10 cents is normall quite a significant barrier IMO due to the change in trading increment from .01 c to .05 cents. There is a big psychological gap between trading these jumps, and it usually (from what I have seen) results in some significant resistance. Stocks to break through this barrier confidently normally need some good news to give them a kick along.

Any other thoughts there? I haven't read this in a book anwhere, just a perception.
 

Once again, spot on Kennas.

CXY and CUL can be viewed as two examples which are fighting this battle
 

It does make sense to me. That's also the reason I put my entry point at 10C.
And obviously, I got it


Lots of people are talking about day-trader. They are really annoying. But i have to get used to them. This is the real world.

Thanks guys.
 
76 - 108 11:23:03 am 10 3,990,475 1 $399,048 33
75 11:17:22 am 11 1,000 0.5 $110 1
71 - 74 11:17:22 am 10.5 136,786 0.5 $14,363 4
70 11:15:24 am 10 25,000 0.5 $2,500 1
64 - 69 11:12:31 am 10.5 305,714 0.5 $32,100 6
63 10:55:24 am 11 15,343 0.5 $1,688 1
56 - 62 10:55:24 am 10.5 376,962 0.5 $39,581 7
54 - 55 10:51:46 am 10 69,462 0.5 $6,946 2
46 - 53 10:48:46 am 10.5 318,100 0.5 $33,401 8
45 10:43:32 am 11 25,000 0.5 $2,750 1
43 - 44 10:41:36 am 10.5 133,950 0.5 $14,065 2
41 - 42 10:27:38 am 11 61,000 0.5 $6,710 2
38 - 40 10:20:22 am 10.5 150,000 0.5 $15,750 3
37 10:19:29 am 10 22,562 0.5 $2,256 1
13 - 36 10:18:42 am 10.5 1,697,438 0.5 $178,231 24
1 - 12 10:06:42 am 1

That's why they were disappeared.
 


I closed half my holding in rmi especially because of the fraction "edge" that same-day traders trade on ......that .005 fraction is a huge draw-card and in terms of percentage is significantly reduced once the .10 is passed..............
.........but here's the thing about daytraders; they bring much liquidity to the table and because they provide intra gaps, with larger swings, that also provide opportunities for longer holers...........by that I mean the day traders can provide better entry and often then provide a secondary opportunity to exit (either in the case of an incorrect live (long) position or to achieve a lesser anticipated exit (close the long position)).

not that the fraction will cause the bulk of day-traders to exit because most of them will want to tap the momentum.........more liquidity the better.

In many cases when a daytrader has to cover short-sell positions they provide the energy to drive the instrument higher because theyer at the mercy of the price that's set by the demand and they become part of that demand........basically, how you view the (dis)advantage of that knowledge is the key.

I am not aware that rmi is elligible for short-sale through any desk and while day-traders buy the stock and then re-release, back onto the open auction, they are not really dumping........think of it like churnig price which provides opportunity........each person who buys the stock is responsible for the price they, themselves, accept, so they need to encompasses other traders activities into that ..........there is no such thing as a good price or bad price only the price that provides the highest percentage gain with the safest level

in essence more traders of all levels = more upward pressure above the crucial levels and this means higher sentiment, stronger attraction.......afterall if day-traders help the instrument to push above crucial resistances into new territory (higher) then that's a good thing

At the end of the day a market is never static and the game may seem to change but small traders remain as they have always been.

Once the true design of boutique teams and large cap players is exposed and sentiment builds and a good structure is established and healthy chain of volume (= liquidity) is runnning by all levels, then, the stuff like the .005 mechanism becomes miniscule.........guess you could call that a trend

an opinion

Joules
 
All in all RMI seems to have consolidated its run,

and like CUL which moved off a base of 5c to 10c resistance and now is above it (I hope/think)

RMI's base was 6c, the other day it made a dash for the 100% gain level of 12c but turned out to be a pump and dump, eventually we should see it move up above 12c

Wowo drilling results are dues soon so I'm guessing that inside news leaking will be the catalyst,

In a mkt short on Nickel this company is sitting on a deposit worth Billions
 

This is commonwealth bank they bought around 0.06$, and traded more than 200mil, net sell 60mil, they still have 40mil in hands, my broker checked.
 
weston said:
This is commonwealth bank they bought around 0.06$, and traded more than 200mil, net sell 60mil, they still have 40mil in hands, my broker checked.
Click to expand...


200M= 40M+60M?
I am confused. Can you explain it to me?

 
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